Poligrafica S. Faustino S.p.A. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Poligrafica S. Faustino S.p.A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of €13,013,000 against €11,488,000 a year ago. Total operating income/revenues were €13,672,000 against €11,611,000 a year ago. EBITDA was €1,155,000 against €739,000 a year ago. EBIT was €952,000 against €584,000 a year ago. Result before tax was €930,000 against €557,000 a year ago. Cash flows used in operating activities were was €847,000 against €243,000 a year ago. Investments in property, plant and equipment were €1,205,000 against €102,000 a year ago. Investments in Intangible asset were €40,000 against €66,000 a year ago. EBITDA increased 56.3% as compared to the same period a year ago, due to the increase in sales, together with the net effects of disposals of assets.